PSQ (NYSE:PSQH) Insider Dusty Wunderlich Sells 17,517 Shares

Key Points

  • Insider sale: PSQ Holdings insider Dusty Wunderlich sold 17,517 shares on May 15 at an average price of $0.59, totaling about $10,335. The company said the sale was to cover tax withholding tied to vested equity awards.
  • Recent insider activity: Wunderlich also sold shares on May 13 and May 14, continuing a multi-day streak of insider selling. The cluster of sales may pressure sentiment even though the transactions were reported as tax-related.
  • Stock and fundamentals: PSQH was down 3.9% and traded around $0.60, near its 52-week low of $0.48. The company recently beat earnings and revenue estimates, but it still posted a loss and remains heavily leveraged with weak profitability metrics.

PSQ Holdings, Inc. (NYSE:PSQH - Get Free Report) insider Dusty Wunderlich sold 17,517 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $0.59, for a total transaction of $10,335.03. Following the completion of the sale, the insider owned 109,592 shares in the company, valued at $64,659.28. The trade was a 13.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Dusty Wunderlich also recently made the following trade(s):

  • On Thursday, May 14th, Dusty Wunderlich sold 11,606 shares of PSQ stock. The stock was sold at an average price of $0.61, for a total transaction of $7,079.66.
  • On Wednesday, May 13th, Dusty Wunderlich sold 11,645 shares of PSQ stock. The stock was sold at an average price of $0.66, for a total transaction of $7,685.70.

PSQ Stock Down 3.9%

NYSE:PSQH opened at $0.60 on Friday. PSQ Holdings, Inc. has a 1-year low of $0.48 and a 1-year high of $2.84. The firm has a market capitalization of $29.25 million, a P/E ratio of -0.74 and a beta of 0.39. The company's fifty day moving average price is $0.64 and its 200-day moving average price is $0.99. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.69 and a quick ratio of 2.03.




PSQ (NYSE:PSQH - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.17) by $0.05. PSQ had a negative return on equity of 217.16% and a negative net margin of 143.15%.The company had revenue of $8.16 million during the quarter, compared to the consensus estimate of $7.19 million.

Trending Headlines about PSQ

Here are the key news stories impacting PSQ this week:

  • Positive Sentiment: Wall Street Zen raised PSQ Holdings to Hold, which may signal that the stock’s downside is less severe than before. PSQ (NYSE:PSQH) Raised to Hold at Wall Street Zen
  • Neutral Sentiment: Insiders including CFO James Rinn and CFO Michael Pena sold shares over several days, but the filings say the sales were for tax withholding related to vested equity awards, which makes them less concerning than discretionary selling.
  • Negative Sentiment: The cluster of insider sales may still weigh on sentiment because it can be interpreted as a lack of near-term confidence, especially for a small-cap stock with weak fundamentals and a recent earnings profile that remains deeply negative.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Weiss Ratings reissued a "sell (e+)" rating on shares of PSQ in a report on Tuesday, April 21st. Wall Street Zen raised PSQ from a "sell" rating to a "hold" rating in a report on Saturday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $3.50.

View Our Latest Stock Report on PSQH

Institutional Investors Weigh In On PSQ

A number of institutional investors have recently modified their holdings of PSQH. Alyeska Investment Group L.P. grew its position in shares of PSQ by 63.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 3,862,102 shares of the company's stock valued at $3,978,000 after acquiring an additional 1,493,338 shares during the period. Marshall Wace LLP raised its position in PSQ by 1,727.8% during the second quarter. Marshall Wace LLP now owns 870,150 shares of the company's stock worth $1,784,000 after acquiring an additional 822,544 shares during the period. CIBC Bancorp USA Inc. acquired a new position in PSQ during the third quarter worth $341,000. Corient Private Wealth LLC raised its position in PSQ by 143.5% during the fourth quarter. Corient Private Wealth LLC now owns 126,627 shares of the company's stock worth $130,000 after acquiring an additional 74,627 shares during the period. Finally, Vanguard Group Inc. raised its position in PSQ by 5.0% during the third quarter. Vanguard Group Inc. now owns 1,374,303 shares of the company's stock worth $2,625,000 after acquiring an additional 65,696 shares during the period. 17.32% of the stock is currently owned by institutional investors and hedge funds.

PSQ Company Profile

(Get Free Report)

PSQ Holdings, Inc, together with its subsidiaries, operates an online marketplace through advertising and eCommerce in the United States. It operates through two segments, Marketplace and Brands segments. The PSQ platform is accessible through its mobile application and website. The company also sells diapers and wipes to mothers online under the EveryLife brand name. PSQ Holdings, Inc is headquartered in West Palm Beach, Florida.

Further Reading

Insider Buying and Selling by Quarter for PSQ (NYSE:PSQH)

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